Retail Banking Country Snapshot: Spain 2016

Published: March 2017
No. of Pages: 49
    ReportsandReports

Retail Banking Country Snapshot: Spain 2016

Summary

"Retail Banking Country Snapshot: Spain 2016" reviews the retail banking sector in Spain, with a particular focus on the current account, savings, mortgage, and personal loans markets. It includes both market-level data and insight from our Retail Banking Insight Survey.

The Spanish banking sector is highly consolidated, with a handful of large banks controlling a significant market share. Product ownership rates are high, particularly for current and savings accounts, and consumers mostly favor providers they have an existing relationship with. Both younger and older age groups use branches often, meaning there is considerable scope for providers to encourage greater use of digital channels. Internet penetration in Spain is low, and providers thus need to maintain a multi-channel approach or focus on specific geographical areas in the country. Domestic and foreign banks have made investments in low-cost distribution channels such as mobile banking.

The report offers insight into -
- How consumers in Spain take out and use their financial products, and how this has changed in recent years.
- Which providers dominate the current account, savings, mortgage, and loan markets, and what factors persuaded their customers to choose them.
- The extent to which consumers are using online and mobile channels to research, take out, and use their financial products.

Scope

- The current account market is highly concentrated, and consumers tend to choose providers on the basis of reputational factors and accessibility.
- Branches dominate channel usage in Spain. However, satisfaction with online is the highest and it is the preferred channel for routine transactions. Mobile is mainly preferred by younger consumers who are the most eager users of smartphone apps.
- Trust and Responsibility are the highest rated attitudes, meaning consumers value honesty and the ability to make their own decisions more than anything else.

Reasons to buy

- Futureproof your strategy with market sizing, forecasts, and analysis of key developments currently affecting SpainÂ’s retail banking sector.
- Target consumers with inside knowledge of their true behaviors and attitudes, with detailed analysis from our proprietary insight.
- Learn about the impact that new entrants and distribution channels will have on the market.

Published By: GlobalData
Product Code: GlobalData38484


Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:


Why ReportsnReports.com?

  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: sales@reportsandreports.com Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest: